Elon Musks tweeting is causing controversy again.
While billionaires dont typically let tweets dictate their investment strategies, Musk has several motivations for his unusual approach.
They range from slightly shady to risibly egotistical.
Being a better billionaire
Musk launched his poll amid rising anger about inequality.
These extreme contrasts have triggered calls for billionaires to pay new taxes on unrealized gains in their assets.
Musk, unsurprisingly, isnot a fan of the proposals.
Instead, he proposed selling some of his Tesla holdings to increase his tax bill.
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In the longer term, Musks proposed stock sale could mitigate accusations that the tycoon avoids tax.
It also provides a way to promote his company and personal brand.
The Twitter poll gave Musk a chance to spin the sale as a public service.
Attracting their support could also allay concerns that the move will have a negative impact on Tesla.
This brings us to another potential motivation for the poll.
Moving the market
Musk is regularly accused of using Twitter to move markets.
Some pundits argue that the Twitter poll is merely another attempt to influence the market.
That could be another reason to start gradually selling it off.
However, Musk was not impressed by Galloways claims.
Hedescribed the professoras an insufferable numbskull.
Musk also took a crack atSenator Ron Wyden, whos called for a new billionaires tax.
After Wyden dismissed the Twitter poll, Musk compared his profile picture to a cum face.
Why does ur pp look like u just came?
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
